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LME Tin to Hover at Highs (2017-8-7) 

Published: Aug 7, 2017 09:36
LME tin will challenge USD 20,900/mt and test support at USD 20,200/mt today.

SHANGHAI, Aug. 7 (SMM) –LME tin will challenge USD 20,900/mt and test support at USD 20,200/mt today. SHFE 1709 tin closed at below the 5-day moving average during last Friday’s night session, and should move mainly at RMB 146,700-148,000/mt today.    

In Shanghai spot tin market, pullback in SHFE tin will drag spot prices down. Supply of small brand goods remains tight. Mainstream traded prices are expected at RMB 146,000-148,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2017-8-7)
 

LME tin pricesSHFE tin pricestin pricesSn pricebase metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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LME Tin to Hover at Highs (2017-8-7)  - Shanghai Metals Market (SMM)